On the latest episode of Recode Decode, Hudson’s Bay CEO Helena Foulkes joined Recode’s Kara Swisher onstage at An Evening With Code Commerce in Las Vegas. She talked about the challenges of running retail chains like Lord & Taylor and Saks Fifth Avenue, and what the stores of the future will look like. You can
So, it finally happened. A leading American politician has said aloud what many have whispering: it’s time to break up Big Tech. Democratic presidential candidate Elizabeth Warren just fired the opening salvo and called for the federal government to take action: “Today’s big tech companies have too much power— too much power over our economy, our
CNBC’s Jim Cramer has circled Ulta Beauty‘s earnings report on his calendar next Thursday and the “Mad Money” host said he is bullish on the stock. “The look-your-selfie-best economy remains a major tailwind for Ulta and the stock has more upside,” he said. Also in his game plan for the week ahead are quarterly results
The tech industry is already under siege by the press, the public, and regulators around the world. But on Friday, Democratic presidential candidate Elizabeth Warren lobbed a bomb onto that battlefield, designed to crack the fortresses that have formed around tech monopolies like Google, Facebook, and Amazon. In a Medium post, the US senator from
Elizabeth Warren wants to break up big tech. Warren, the US senator from Massachusetts and a prominent Democratic candidate for the party’s 2020 presidential nomination, outlined a plan on Friday, March 8, to break up big tech companies like Facebook, Google, and Amazon. These tech giants, she argues, have become so big that they are
There are few things the internet loves more than a vicious Twitter dunk. Whether it’s a celebrity ripping on President Donald Trump or a politician roasting her political rivals, Twitter is the perfect forum for the kind of wisecracks, sarcasm, and snappy one-liners that can go viral just like a LeBron James windmill slam. In
China on Friday reported worse than expected trade data for the month of February, customs data showed amid Beijing’s trade dispute with the U.S. Dollar-denominated exports fell 20.7 percent for the month of February from a year ago, missing economists’ expectations of a 4.8 percent decline, according to a Reuters poll. January exports rose 9.1
The world’s largest telecommunications-equipment company, China’s Huawei, is suing the US government. But the suit isn’t just about US law. It’s part of Huawei’s larger campaign to defend its role as a global provider of telecom gear amid fears that its technology is or could be used by the Chinese government for spying. In essence,
Facebook is finally making some moves to limit the spread of anti-vaccination posts and hoaxes. Facebook on Thursday said that it will stop showing Pages and Groups that spread anti-vaccination content in search results, and will stop recommending them for users to join. Promoting anti-vaccination content is also now against Facebook’s rules, so ads that
On Wednesday afternoon, Mark Zuckerberg, the CEO of Facebook, described a sweeping new vision for his platform. “The future of communication,” he wrote, “will increasingly shift to private, encrypted services where people can be confident what they say to each other stays secure.” The post raised all kinds of questions about Facebook’s business model and
Bristol-Myers Squibb CEO Giovanni Caforio defended his company’s $74 billion bid for cancer drug maker Celgene in an interview with CNBC’s Jim Cramer on Wednesday. The move is facing opposition from the Wellington Management, Bristol-Myers’ largest stakeholder, and Starboard Value hedge funds. The acquisition, which will be voted on my shareholders next week, would add
Lyft filed paperwork to become a public company last week, with a valuation of $15 billion. But the ride-sharing company is still deeply unprofitable. The company had a net loss of nearly $1 billion last year. To put it another way, Lyft lost about $1.47 for every ride* it gave in 2018. Lyft’s main competitor
The so-called FANG stocks have yet to regain their power since bouncing from lows during the December sell-off and gave way to the cloud kinds and semiconductors to lead the tech sector, CNBC’s Jim Cramer said Tuesday. But with the tide of the market turning, current conditions could present an opportunity for the group to
Chinese electronics giant Huawei is preparing to sue the United States government for barring federal agencies from using its telecommunications equipment. The lawsuit is expected to challenge the law on the basis that it singles out a person or group for punishment without a trial, which the US Constitution prohibits. Meanwhile, Huawei’s chief financial officer,
Investors can afford to back off of Yeti now that the stock has pulled back off of the hot gains it carried in recent months, CNBC’s Jim Cramer said Monday. After soaring 34 percent since he suggested the company last October, the “Mad Money” host cautioned against to buying Monday’s dip. Shares of Yeti, the
At the end of every year, Google conducts a pay equity analysis to determine whether employees of different sexes and races who are doing similar jobs are being paid equally. On Monday, Google published a blog post with selected findings from its 2018 analysis, highlighting that proposed changes for 2019 would have paid male engineers
Last March, Twitter CEO Jack Dorsey admitted that, despite the company’s intentions, Twitter wasn’t the best at encouraging productive or meaningful conversations among users. More often, the platform served to further abuse, harassment, and the spread of misinformation, while plunging users deeper into echo chambers. The solution, Dorsey said, was to shift from banning the
After years of court battles, the AT&T/Time Warner deal is now really, totally a done deal — which is why AT&T is finally starting to reshape the media giant it bought for some $85 billion. And this is happening despite the wishes of the president of the United States — and, perhaps, the will of
Tesla will unveil its Model Y SUV on March 14, CEO Elon Musk said in a series of tweets Sunday . Musk said that the SUV would cost 10 percent more than Tesla’s Model 3 sedan and have “slightly less range” for the same battery. The tweets may exacerbate Musk’s clash with the Securities and
Children’s apparel retailer Gymboree was able to sell its band to rival Children’s Place, while Gap plans to acquire the bankrupt retailer’s high-end children’s clothing line Janie and Jack, a bankruptcy court document shows. Children’s Place will pay $76 million for the rights associated with both Gymboree and its Crazy 8 brand, and it will
YouTube CEO Susan Wojcicki defended her company’s efforts to keep violent content off the video platform at the sixth annual Lesbians Who Tech Summit Friday in San Francisco. Wojcicki was interviewed by New York Times columnist Kara Swisher, who took the YouTube leader to task for the platform’s failure to keep dangerous content away from
On the latest episode of Recode Decode, News Media Alliance CEO David Chavern joined Recode’s Kara Swisher in studio to talk about the challenges facing the thousands of print and online media businesses that the NMA represents — and possible solutions. One of Chavern’s jobs is talking to big platforms like Google and Facebook, but
Just before the Civil War, and long before the Federal Reserve, the United States had 8,000 kinds of money. It was a chaotic, confusing time to buy your groceries. Private banks issued notes with the promise of backing in gold and silver, but their actual value was anybody’s guess. Soon other companies—drug stores, coal mines,
CNBC’s Jim Cramer on Friday said Norwegian Cruise Line Holdings has caught his attention as a top performer with strong guidance in 2019. The “Mad Money” host said the company stands out because it’s the biggest winner in the cruise line category and the stock has risen 40 percent so far this year. The industry
Last year, my roommate bought what she thought were real Apple headphones on Amazon. They looked identical to the ones the company sells, but they turned out to be counterfeit. When she plugged them into her iPhone, she couldn’t hear anything. Her experience wasn’t a fluke: In 2016, Apple sued a company in New York
You wouldn’t know that there is a growing public backlash to the power of Silicon Valley founders at companies like Facebook if you looked at the newest to-be-public company: Lyft. Lyft’s 250-page IPO filing with the SEC on Friday, March 1, revealed a company going to extreme lengths to empower its founders and insulate them
Snap investors, avert your eyes! It’s been exactly two years since Snap completed its very successful IPO. Snap had figured out how to reach the young people that Facebook was no longer capturing; investors hoped Snapchat would give Facebook and its stable of apps like Instagram and Messenger some legitimate competition. Unfortunately for Snap, that
A private survey on China’s manufacturing sector showed Friday that factory activity shrank for a third straight month in February. The Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) came in 49.9 for February. Economists polled by Reuters had expected the Caixin PMI reading to edge up to 48.5 in February from January’s 48.3. A reading below
Last year, Seattle’s city council repealed a tax on big employers less than a month after approving the legislation designed to raise funds to support homeless programs. The quick reversal came after Amazon, which employs around 45,000 people in the city, halted the construction of a new building and threatened to not occupy space it
President Trump’s immigration policies have made it harder for tech companies to bring highly skilled workers to the US, according to newly released immigration data. That’s bad news for US tech companies as well as non-tech companies, which rely on third-party outsourcing companies to execute the growing technology sides of their businesses. It could also